Tulsa, Oklahoma Bank Lends Money to Brainerd Chemical Company, Inc in Tulsa, Oklahoma

Get business loans from a Tulsa, Oklahoma bank that knows how to treat small business owners right! If Brainerd Chemical Company, Inc can get a loan, there's no reason you can't do it too.

Bank - Oklahoma is a Tulsa, Oklahoma small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Brainerd Chemical Company, Inc an Oklahoma company.

SBA Loan Borrower

BRAINERD CHEMICAL COMPANY, INC
6507 EAST 42ND STREET
TULSA, OK 74145

SBA Loan Lender

BANK - OKLAHOMA
ONE WILLIAMS CTR
TULSA, OK 74172

This bank loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5169 - Chemical and Allied Products, N.E.C.

NAICS Code

422690 - Other Chemical and Allied Products Wholesalers

Loan Approval Date

3/27/2002

Loan Approval Gross Amount

$276,000

Loan Approval from the SBA

Of the total $276,000 loan amount, the SBA guaranteed $207,000.

More Information on This SBA Loan

The borrower, Brainerd Chemical Company, Inc, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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